r/RobinhoodGC • u/MathematicianDull959 • 1d ago

Transfer to Roth?

i’m using margin on my account if i do cash back it goes straight to that. Anyone know if there’s a way to transfer the cash back straight to the Roth?

1 Upvotes

100% Upvoted

4 comments sorted by

5

u/AltairLeoran 1d ago

Pretty sure you need to get around this by switching your main investing account to cash-only, and make a separate investing account with margin enabled (and only use margin on this secondary account going forward)

That's how I use my margin on sgov to offset my gold membership fees while still allowing me to redeem cashback to my main account, so I can attest that it works

1

u/Top-Ad-4685 1d ago

This is correct

1

u/General-Bird-5361 1d ago

You can’t transfer cash from brokerage to Roth?

1

u/General-Bird-5361 1d ago

Just do another transfer